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An entrepreneur with $52,500 plans to open a convenience store called Kevins Convenience Store on June 1, 2020, following a two-month start-up phase. Using the
An entrepreneur with $52,500 plans to open a convenience store called Kevins Convenience Store on June 1, 2020, following a two-month start-up phase. Using the schedule of start-up costs provided below, create a pro forma pre-revenue balance sheet and a pro forma start-up phase expense statement, including reconciliations of cash and owners equity, for Kevins Convenience Store, LLC.
Notes: Rent is paid in the month previous to the month to which it applies. Utilities are paid in the month after the services are used. Insurance is paid in the month previous to the month to which it applies. All other costs are paid in the same month as incurredStep by Step Solution
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